Latest news and trends about tech

Softbank-backed Carro seeks valuation above $2B as it prepares for IPO- report

Carro is raising capital during one of the hardest possible times for fledgling firms. The Southeast Asia technology industry has been plagued by job cuts, CEO resignations and falling startup valuations, making it difficult for companies to debut on public markets.

tuxedo cat in brown cardboard box

The rise of the on-demand economy: Implications for the future of logistics

The #OnDemand seсtor shows no signs of slowing down. But while ultra-fast #delivery oрens new revenue streams, it also strains #logistiсs networks built for slower suррly сhains. Businesses must rethink deсades-old strategies to align with the 24/7 рulse of this emerging eсonomy.

Malaysia sets up energy exchange for cross-border green electricity sales

In line with Malaysia’s energy transition aspiration and commitment to support regional power integration via the ASEAN Power Grid Initiative, the government of Malaysia has agreed to establish Energy Exchange Malaysia (ENEGEM) for cross-border green electricity sales to neighboring countries.

Study: SEA’s 13 decarbonization investment ideas present $150B green economy market opportunities

Bain & Company, GenZero, Standard Chartered and Temasek have in their recent report highlighted top 13 decarbonization investment ideas in Southeast East Asia which present $150 billion green economy market opportunities.

Vietjet Air Cargo, Teleport deepen partnership with exclusive commercial rights on first key lane

Teleport, a Malaysia-based integrated logistics solutions provider, announced Monday that it will be managing the exclusive commercial rights of Vietjet Air Cargo’s New Delhi – Ho Chi Minh City belly space.

BII partners FMO to offer $50M financing facility to support commercial and industrial renewables sector in South-East Asia

British International Investment (BII), the United Kingdom's development finance institution and impact investor, and FMO, the Dutch entrepreneurial development bank, have on Monday announced a joint loan commitment of $50 million to BECIS, a leading energy-as-a-service (EaaS) provider in South-East Asia.

Bandar Utama City Centre appoints Solarvest to install solar panels on mall

Malaysia-based Bandar Utama City Centre Sdn Bhd (BUCCSB), the operator of 1 Utama Shopping Centre (1 Utama), has appointed Solarvest Energy Sdn Bhd, a wholly-owned subsidiary of clean energy expert Solarvest Holdings Berhad (Solarvest), to install Malaysia’s largest on-site solar photovoltaic (PV) panels and building-integrated photovoltaic (BIPV) panels…

Analysts foresee electric vehicle growth potential in Malaysia

Analysts have foreseen growth potential of electric vehicles in Malaysia, underpinned by new models launching and regulatory push. However, the opined that the MYR 100,000 ($20.965) pricing floor currently imposed on completely built units CBU EVs, remained a hurdle for EVs adoptions.

How IoT for smart city development is a perfect combination

In the concern of technological advancement, IoT or the Internet of Things has given and received a major boost. This refers to the many digital devices that are currently moving their way up in the world. Today, we’re going to talk about #IoT #SmartCity in detail.

Toyota Ventures raises another $300M to expand early-stage investments in frontier technology, climate solutions

Toyota Ventures, the early-stage venture capital arm of Toyota, has announced a total of$300 million funds to expand its investments in startups developing disruptive technologies and business models at the forefront of innovation.